AUCTION: Lease Rights of Parking Lot Plot-III, Block 50, Korangi Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Korangi Municipal Corporation is inviting bids for the lease rights of Parking Lot Plot-III, Block 50, Korangi, Karachi, for a period of 40 months starting from 2021 and ending in May 2025. The auction is being held under reference number 433168/07. The reserve price for the annual lease is set at Rs. 2,399,976. The auction will take place at the office of the undersigned on 03-11-2026 at 11:00 AM. Items being auctioned: - Lease rights for Parking Lot Plot-III, Block 50, Korangi, Karachi (annual reserve price: Rs. 2,399,976) The successful bidder will be granted the right to operate and collect parking fees from the designated parking lot for the specified lease period. Interested parties must submit a pay order or CDR equivalent to 25% of the reserve price as earnest money along with their bid. Bidders must also provide a copy of their CNIC and proof of tax registration. The auction is open to all eligible parties, and the highest bid above the reserve price will be considered for award, subject to approval by the competent authority. Bids must be submitted in person at the office of the Korangi Municipal Corporation, Karachi, by the deadline. The auction will be conducted in accordance with the terms and conditions outlined in the notice. For best results, bidders should ensure all required documents and earnest money are prepared in advance to avoid last-minute issues.